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Parker & Stone, Inc. , is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some
Parker & Stone, Inc. , is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land 6 years ago for $6 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor Instead. If the land were sold todaythe company would net $10.2 million. The company wants to build its new manufacturing plant on this land; the plant will cost $12.2 million to build, and the site requires $1122,000 worth of grading before it is suitable for construction .
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